3M to Spin Off $8.6B Health Care Unit, Posts Broad Declines
It could take until the end of 2023 to complete, after which 3M will retain a 19.9% stake.
It could take until the end of 2023 to complete, after which 3M will retain a 19.9% stake.
Fastenal, MSC Industrial Supply, MRC Global and more have voiced considerable optimism despite numerous economic red flags.
Matt Murray joins as senior business unit manager for industrial distribution and Mike Smith joins as senior business unit manager for fleet.
Mike Marks and Tom Gale explore the impact of recent landmark acquisitions and how the mission of strategic deals runs counter to that of private equity.
For the first time since summer 2020, both single-family starts and permits fell below a 1 million annual pace, NAHB says.
Travis Hendren will be responsible for all field operations supporting the company’s distribution yards, GMS Inc. said.
The transaction was initially announced on Dec. 8, 2021, and Security generated approximately $1.6 billion in revenue that year.
The manufacturer reported second-quarter 2022 sales of $1.136 billion, an increase of $55.2 million over the same period last year.
The industrial technology manufacturing company financed the transaction through a combination of available cash and debt.
The pandemic forced many distribution leaders to focus on day-to-day operations. Dirk Beveridge advises on how to turn focus back to future opportunities.
OTC Industrial Technologies has partnered with Quincy Compressors, a manufacturer of reciprocating and rotary screw air compressors.
The Louisiana company reported ‘record’ second-quarter sales for 2022, up 15% from last year to $2.1 billion.
It is the first time since the fourth quarter of 2020 that annualized growth rate didn’t outperform expectations, according to the Second Quarter Baird-MDM Industrial Distribution Survey.
We share new comments from distributors regarding whether they plan to require employees to fully return to in-person work in the next year.
The companies hope combined activities and product portfolios will help create a well-balanced entity and more growth in existing regions.
The acquisitions, Wholesale Sheet Metal and Pile Protections Tops, will expand Munch's geographic footprint to 71 locations.
The Power Transmission Distributors Association will convene for its 2022 Industry Summit in Nashville Oct. 27-29.
Peter DelGado, senior director of sales and customer service, was promoted to vice president of the board of directors for the International Association of Plastics Distribution.
In a new MDM Podcast, Ferguson's Denise Vaughn talks about how the company conducts operations with a lighter footprint while creating positive impact for its stakeholders.
The new facility in Allentown, Pennsylvania, spans 30,269 square feet to support increased inventory and space for new services.